Reuters: JPMorgan to buy Bear, Fed opens lending to Wall St

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JPMorgan to buy Bear, Fed opens lending to Wall St
      

NEW YORK (Reuters) - JPMorgan Chase & Co set a deal to buy stricken rival Bear Stearns for a rock-bottom price, while the U.S. Federal Reserve expanded lending to securities firms for the first time since the Great Depression to prop up the financial system.
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